A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
HISTORY: Derived from 1976 Code Section 33-9-100 [1962 Code Section 12-15.9; 1962 (52) 1996; 1981 Act No. 146, Section 2; Repealed, 1988 Act No. 444, Section 2]; 1988 Act No. 444, Section 2.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 6 - Shares And Distributions
Section 33-6-101. Authorized shares.
Section 33-6-102. Terms of class or series determined by board of directors.
Section 33-6-103. Issued and outstanding shares.
Section 33-6-104. Fractional shares.
Section 33-6-200. Subscription for shares before incorporation.
Section 33-6-210. Issuance of shares.
Section 33-6-220. Liability of shareholders.
Section 33-6-230. Share dividends.
Section 33-6-250. Form and content of certificates.
Section 33-6-260. Shares without certificates.
Section 33-6-270. Restriction on transfer or registration of shares or other securities.
Section 33-6-280. Expense of issue.
Section 33-6-300. Shareholders' preemptive rights.